It is agood sign that the wealthy are spending. I'd prefer to see more money going towards investment in business activites. Perhaps this article is simply focused on the extravagant and not the pratical. That's fine.

It's still a good sign that the wealthy are spending. At least someone is creating some motion in the economy.

The people we are seeing spend are the wealthy wanna-be's. They seem to have money again and are spending it big time.

10:55 am March 28, 2011

sierra wrote :

History tells us that the "wealthy" always increase spending early on in "recoveries." But, according to most long time investors this "recovery" is very, very fragile and could go over the cliff again instantly.
Also, remember, the "wealthy" are in a very small numerical majority and it's the other mostly ordinary working stiffs (male and female) that make up this country and the "world economy."

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About The Wealth Report

The Wealth Report is a daily blog focused on the culture and economy of the wealthy. It is written by Robert Frank, a senior writer for the Wall Street Journal and author of the newly released book “THE HIGH-BETA RICH.”

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